NYSE delists Twitter shares following Elon Musk acquisition

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Twitter went private on Friday, nearly 9 years after being listed on NYSE in 2013, as Elon Musk officially completed the acquisition on Oct. 27.

Social media giant Twitter was officially acquired by Elon Musk on Oct. 27 in a deal that saw a war of words, a court battle and some firings right away. Musk acquired the social network platform at $54.2 per share price, bringing the total value of the deal close to $44 billion.

Almost 9 years after being listed on the New York Stock Exchange in 2013, Twitter is no longer a public company. NYSEnoted that trading in Twitter shares will be frozen on Friday. Apart from NYSE, crypto-friendly trading platforms like eToro and Robinhood also delisted Twitter shares from their platform.

 

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